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How Investment Helped the Art Market Weather the World Economic Crisis

A change in luxury spending habits caused by the recession has helped the international art and antiques market weather the global economic storm, reveals a new report commissioned by The European Fine Art Foundation which organizes The European Fine Art Fair (TEFAF) to be held in the Dutch city of Maastricht in the MECC (Maastricht Exhibition and Congress Centre) from 12-21 March 2010. The report The International Art Market 2007-2009, Trends in the Art Trade during Global Recession has been prepared by Dr Clare McAndrew, a cultural economist specialising in the fine and decorative art market and founder of Arts Economics. – March 2, 2010 — http://www.artdaily.org/index.asp?int_sec=11&int_new=36586&int_modo=1